Russia plans $2.35bn exporter levy to bankroll Arctic icebreakers

Russia is proposing a new levy on seaborne exports to raise more than RUB200bn ($2.35bn) for nuclear icebreakers needed to expand traffic along the Northern Sea Route. A draft government decree prepared by the transport ministry would impose a shipbuilding charge of RUB20.07 per tonne on export cargo carried by 27 Russian companies operating Russian-flagged … Read full article →